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BTCUSDT/1WIn weekly chart you can see what's happened for price. price is very close to strong support zone (it's possible to see more drop for price) and I don't think we're going to see last top again ( last price ), So I think best time for long entry is on strong support line but you must be aware that to take stop loss under this zone . It seems that we are at 4th wave of impulse wave (4th wave never kiss the 1st wave of impulse). According to weekly chart holders and gainers are the final winners of future.
Long
by SadeQ_Qiassi
BNBUSDTThe next step is currency BNB According to the path that he has taken during his life and as can be seen in the chart, BNB currency has formed an ascending channel. We are now at a time when it is after a great growth and due to the unpredictable behaviors of the market, we can not say exactly what will happen in the future, but according to the factors affecting the technical analysis, we can get closer to the truth. Guess what. Probabilities; First - The breaking of the channel ceiling and the flight of the price of the popular Bainance currency, which, of course, some experts have predicted. Second - repeat the date and copy the trend pattern in January 2018 Third - the collapse of the digital currency market, which of course is very, very unlikely to happen.
by Technoarz
7
USDJPY 1W RANGE TRADESRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
Clues from the past on EURCHF by ThinkingAntsOkMain items we can see on the weekly chart: a) We are making a study between the previous corrective structure (yellow lines) and the current one (white lines) b) We have two precise corrections before the beginning of a new impulse c) The first one happened on the edge of the corrective structure, in the same way, is happening right now d) If we have a breakout of that corrective structure (gold circles), we will have a confirmation of the new motive wave e) Following the previous situation, we can see the 2nd correction above the previous one. f )CONCLUSION: Currently, we are in the first circle, and we want to see a breakout of it, that will be the explicit confirmation that a new bullish movement is starting
by ThinkingAntsOk
1
EURUSD 1W 1D 4H TRADESThe weekly chart shows sup/res levels used to take profit levels. The 4h chart shows entry points. Bearish trades. 1st sell trade at breakout of triangle bottom @ 1.0663. 1st sell take profit at 1.0560. 2nd sell continuation trade breakout at sup level of 1.0560. 2nd sell take profit at 1.0450. Bullish trades. 1st buy breakout of top of the triangle. You determine the entry point. 2nd buy trade at reversal point of 1.0560. 3rd buy trade at reversal point of 1.0450. All buy trades take profits are at 1.1030 resistance level. You determine your stop losspoints.
by Tradingstrategyguides
1
CADCHF 1W RANGE TRADESRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
1
DOMINOs PIZZA 1W BLUG FLAG LONG TRADEBull Flags are repeatable Range trading chart patterns. Bull Flag chart pattern will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:DPZLong
by Tradingstrategyguides
EURCHF 1W DESCENDING TRIANGLE SHORT TRADEDescending Triangles are repeatable trading chart patterns. Descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Short
by Tradingstrategyguides
1
EURUSD 1W WOLFE WAVE STRATEGY - Rising Wedge is a Bearish Bias When trading the best wolfe strategy you will find that after the entry is triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave. After the last wave has broken above the ascending wedge channel it’s the time to get ready for some action. Step #1: Prior to the Bearish Wolfe Wave Formation look to have a clear Bullish Trend. Firstly, before the first wave to develop we need to have a clear trend that needs to be reversed. For high probability trades, we want to see a prior bullrish trend before the bearish wolfe wave develops. This step is quite essential if you want to correctly trade the wolfe pattern. Now that we’ve identified a trend, it's time to apply the wolfe wave rules to the price chart. This brings us to the next step of our reversal strategy. Step #2: Try finding a 5 wave move that can be contained in a channel. The last wave 5 must break above the wedge channel. A valid wolfe wave is composed of 5 waves that follow some simple rules. However, the most important rules are that wave 2 and 4 must be contained within the channel created by Wave 1 and Wave 2. Secondly, wave 5 breaks above the trendline created by wave 1 and wave 3. Step #3: Sell after we break above and then a candle close back inside the Wedge Price Channel. At the moment when the price enters and closes back into the price channel, we want to enter a short position. We like to wait for the close inside in order to eliminate possible fake breakouts. Note*: If we don’t get a close back into the wedge price channel we don’t have a valid trade signal. Another sign to look for is how quickly it goes back into the channel. We prefer to only trade the wolfe patterns that retrace very quickly back into the range. This is a sign that a smart money reversal is at work. Remember, in trading, you only want to trade the high probability trade setups. Step #4: Draw a trendline that connects the wave 1 high and wave 4 low and extend it in the future. Take profit when the EPA line is hit or candle close below it.. The line that connects the wave 1 high and wave 4 low is called the wolfe wave EPA line. The EPA line stands for Estimated Price at Arrival and it’s an effective take profit strategy. The EPA line main purpose is to show at what price the market will extend after it reversed the previous trend. Note*: If the EPA line is too steep, often time it means that the price will never reach it. In this case, you want to take profits early. Step #5: Hide Protective Stop Loss above Wave 5. The protective stop loss can be located above the last wave or wave 5. This strategy gives us a very tight stop loss which is good for our risk management strategy. Obviously that a break above wave 5 means we also break first above the channel and this will invalidate the validity of the wolfe wave chart pattern. Note** the above was an example of a SELL trade using the best wolfe wave strategy. Use the same rules for a BUY trade. Conclusion - Best Wolfe Wave Strategy The wolfe wave strategy is a trading strategy built around waves the same like Elliott Wave trading. We use other trading concepts like channeling and price symmetry to find the best possible trade signals. If the trade works in our favor then we have a really good chance to have a good trade in terms of risk to reward ratio. With trading experience, it will become much easier to spot the wolfe wave patterns.
Short
by Tradingstrategyguides
1
Netflix Breakout to All-Time HighSorry I've been away for a bit. Had personal things to take care of, but I have a lot in store for the upcoming weeks. Let's get right back into it! In this chart we're looking at Netflix on the 1W chart as price has consolidated into a beautiful symmetrical triangle. Price is currently breaking through the descending boundary and is attempting to confirm breakout after a clear 1W candle close above the $373 area. This symmetrical triangle has a price target of around $527 for about a ~45.5% gain. This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NASDAQ:NFLXLong
by TheLuckyS7ven
2
PKI Breakout to All-Time HighIn this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed. This ascending triangle has a price target of around $125 for about a ~27% gain. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
PLong
by TheLuckyS7ven
2
NVO Breakout to All-Time HighIn this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed. This ascending triangle has a price target of around $85 for about a ~46% gain. Price has good momentum as it has found support on the 200EMA and is breaking out of its chart pattern boundary well above the 200EMA. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NYSE:NVOLong
by TheLuckyS7ven
USDMXN - HOW TO TRADE WEEKLY SIGNALS WITHOUT BREAKING THE BANKThe weekly trade signals are very powerful to trade but the weekly stop losses are so large it makes you trade very small size positions. It takes a long time for a weekly entry to hit it's first target. This technique takes that built up explosive energy in a huge weekly pattern. But to trade a size that will make it worth while and to get in and out of the trade more quickly. The weekly chart shows the week of Dec. 9th is the candle that triggered the trade. It closed on Dec 13th at an ATR of .3457. This pair moves a hugh amount of pips every day. Weekly ATR = .3457 Weekly candle close entry @ 19.00 Weekly SL is 1.5 x ATR (.3457) = .5186 pip SL or SL @ 19.5156 Weekly 1st TP is 1 x ATR = .3457 pip TP or TP @ 18.65 Use the free trade size calculator at our TSG website under free tools. Demo Acct Size $10,000 Risk Percentage 1% (open two positions of 1% each) & SL of 5186 pips = You can trade 3.62 Micro Lots or 3 micro lot trade size. You still watch weekly chart for breakout setup but use 1st Daily chart for SL & TP. Your alternative option is to use the Daily SL & TP for the daily breakout candle close. Dec. 9th Daily Close breakout candle. Daily ATR = .1361. Daily candle close entry @ 19.24. Daily SL is 1.5 x ATR (.1361) = .2041 pip SL or SL @ 19.44. Daily 1st TP is 1 x ATR = .1361 pip TP or TP @ 19.1039. Free Trade Size Calculator - Demo Acct Size $10,000 Risk 1% with SL of .2041 You can trade 9.59 Micro Lots or 9 Micro lots. Your Daily 1st TP is closer now also at 19.1039 which your are trading with 9 miro lots. 1st TP was hit on 4th day. USDMXN 1W trade was tied up for 5 weeks with 6 micro lots without hitting 1st TP. Use Weekly Chart Pattern Trade set. But use 1st Day Candle Breakout Close for Trade Management data. No reason to use full week numbers on a weekly trade signal. This applies to all markets that you trade. We often see big patterns on indexes and metals where you can use this technique to shorten your trades. This also allows you to use a bigger size. Much better to see your TP hit in a day or two.
Education
by Tradingstrategyguides
BOEING 1W DESCENDING TRIANGLE BREAKOUT SHORT TRADE Descending Triangles are repeatable trading chart patterns. Descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:BAShort
by Tradingstrategyguides
$BDX Breakout to All Time HighIn this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial breakout. Even though the initial breakout was missed, we had a small pullback and then another strong weekly candle to show this instrument has strength. There is still plenty of upside to be taken advantage of. This ascending triangle has a price target of around $319 and we have already seen a small pullback before what seems to be continuation to the upside. Nonetheless, if we see another larger pullback, I expect price to find support on the horizontal chart pattern boundary around $263. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NYSE:BDXLong
by TheLuckyS7ven